TA Realty LLC sold a 96-property logistics portfolio spanning 8.3 million square feet across 14 high-growth U.S. markets in two separate deals valued at a combined $1.04 billion.
AEW Capital Management LP bought the 28 Texas properties in the portfolio, while funds managed by Blackstone Group Inc. purchased the remaining assets spread across 10 high-growth markets.
The portfolio has more than 325 tenants and had an occupancy level of 91% as of July 1.
TA Realty, which provides real estate investment management services, made the sale on behalf of one of its closed-end value-added funds. It was represented by CBRE National Partners in deal negotiations.
